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Autodesk (NasdaqGS:ADSK) 2025 Earnings Call Presentation
2025-10-07 15:30
1 2 A retrospective A AUTODESK Long history of leading market on major technology shifts Future: AI-enabled Future: AI loud-native Design and Make Design, Make, assisted design features SaaS products and Operate Shift away from deign Creating unique IP Build out new Leveraging commodity Expand our paradigm to the applications that are cloud through foundation only to design and make AI tools and custom operation of buildings, native and integrate with by expanding into models that drive AI foundation models ...
Autodesk Stock: Is ADSK Underperforming the Technology Sector?
Yahoo Finance· 2025-09-10 15:26
Company Overview - Autodesk, Inc. (ADSK) has a market cap of $69.3 billion and is a global leader in 3D design, engineering, and entertainment software, serving various industries including architecture, construction, manufacturing, and digital media [1] - The company's product portfolio includes popular solutions such as AutoCAD, Revit, Fusion, Maya, and BIM Collaborate Pro, which facilitate design, simulation, collaboration, and visualization [1][2] Stock Performance - Autodesk's shares have decreased by 1.6% from its 52-week high of $329.09, while the stock has increased by 8.8% over the past three months, underperforming the Technology Select Sector SPDR Fund (XLK), which rose by 12.6% during the same period [3] - Year-to-date, Autodesk's shares have risen by 9.5%, lagging behind XLK's return of 16.7%, and over the past 52 weeks, ADSK stock has increased by 25.7%, compared to XLK's nearly 29% gain [4] Financial Performance - In Q2 2026, Autodesk reported adjusted EPS of $2.62 and revenues of $1.76 billion, exceeding expectations, with notable growth in AECO revenues and robust subscription sales [5] - Billings grew by 36% to $1.68 billion, indicating broad-based momentum, and Autodesk raised its 2026 revenue guidance to a range of $7.03 billion to $7.08 billion, with adjusted EPS projected between $9.80 and $9.98 [5] Competitive Position - Compared to rival Salesforce, Inc. (CRM), which has seen a YTD decline of 25.7%, Autodesk's stock performance has been stronger [6] - Analysts maintain a bullish outlook on Autodesk, with a consensus rating of "Strong Buy" from 28 analysts and a mean price target of $362.74, representing a 12.6% premium to current levels [6]
Autodesk (ADSK) 2025 Conference Transcript
2025-09-04 13:12
Summary of Autodesk (ADSK) 2025 Conference Call Company Overview - **Company**: Autodesk (ADSK) - **Date**: September 04, 2025 - **Key Speakers**: Sid Huxar (VP of Construction), Mike Haley (SVP of Autodesk Research), Simon (Investor Relations) Core Industry Insights - **Industry Focus**: Construction, Manufacturing, Media Entertainment - **Key Challenges in Construction**: - Labor shortages with nearly 40% of the workforce expected to retire in the next three years [78] - Supply chain issues affecting margins [79] - Rising interest rates impacting project financing, particularly in multifamily residential sectors [80] AI Strategy and Implementation - **AI Strategy**: - Focus on automating tedious tasks across design and construction workflows [10][11] - Enhancing user experience by simplifying complex software through AI [12][13] - Continuous improvement of AI tools based on user feedback, with an 80% acceptance rate of AI predictions in new features [22][21] - **AI Lab**: Established in 2018 to develop AI capabilities tailored to Autodesk's unique data and workflows [15][16] - **Product Development**: Introduction of AI-driven features like "auto constraint" in Fusion, which has seen rapid adoption and positive feedback [19][20] Market Position and Competitive Landscape - **Competitive Advantage**: - Autodesk is a leading publisher of scientific information in AI for design, with a significant head start over competitors [50][51] - The complexity of design data creates barriers for new entrants, making it difficult for startups and traditional competitors to replicate Autodesk's capabilities [52][56] - **Future Competition**: Anticipation of increased competition, particularly from new entrants and traditional software companies beginning to invest in AI [58] Financial and Growth Outlook - **Growth Trajectory**: The construction business is expected to grow at a rate similar to the make business, around 20% [93] - **International Expansion**: Significant growth opportunities identified in markets like India and the Middle East [95] - **Customer Engagement**: Increased traction with large contractors and owners, who are becoming more accountable for project outcomes [99][100] M&A Strategy - **M&A Focus**: Autodesk aims to invest in adjacent verticals and technology enhancements, with a capital allocation strategy that includes R&D and share repurchases [74] Conclusion - **Overall Outlook**: Despite challenges in the construction industry, Autodesk remains optimistic about its growth prospects, driven by strong backlogs, international expansion, and the successful integration of AI into its product offerings [82][84]
Autodesk(ADSK) - 2026 Q2 - Earnings Call Presentation
2025-08-28 21:00
Financial Performance - Q2 FY26 - Billings reached $1,678 million, a 36% year-over-year increase[5] - Revenue totaled $1,763 million, up 17% year-over-year[5] - GAAP operating margin was 25%, a 2 percentage point increase[5] - Non-GAAP operating margin was 39%, a 1 percentage point increase[5] - Free cash flow was $451 million, a 122% increase[5] Revenue Breakdown - Q2 FY26 - Design revenue was $1,472 million, up 17% year-over-year (18% in constant currency)[7] - Make revenue was $194 million, up 20% year-over-year (20% in constant currency)[7] - Americas revenue was $786 million, up 19% year-over-year (19% in constant currency)[7] - AECO revenue was $878 million, up 23% year-over-year (24% in constant currency)[7] FY26 Outlook - Billings are projected to be between $7,355 million and $7,445 million[9] - Revenue is projected to be between $7,025 million and $7,075 million[9] - Free cash flow is projected to be between $2,200 million and $2,275 million[9]
Autodesk(ADSK) - 2026 Q1 - Earnings Call Transcript
2025-05-22 22:02
Financial Data and Key Metrics Changes - Total revenue in Q1 grew 15% as reported and 16% in constant currency, with a contribution from the new transaction model of $78 million [12][18] - Billings increased 29% as reported and 30% in constant currency, reflecting the shift to annual billings for most multiyear contracts [12][18] - First quarter free cash flow was $556 million, with GAAP operating margins decreasing by seven percentage points due to restructuring charges [14][15] Business Line Data and Key Metrics Changes - Strength was observed in AECO, upfront revenue from enterprise business agreements (EBAs), and the Autodesk store as friction from the new transaction model eased [11] - The contribution from the new transaction model to billings was $105 million in Q1, with billings growing 22% at constant currency excluding this impact [12][18] - Non-GAAP operating margins increased by three percentage points, reflecting operating leverage from ongoing cost discipline [15] Market Data and Key Metrics Changes - The U.S. dollar has depreciated against major currencies, impacting billings, revenue, and free cash flow guidance ranges [17] - Asia Pacific showed some softness, particularly in Japan, which was the last to adopt the new transaction model, and China and Korea were more exposed to macroeconomic turmoil [115][116] Company Strategy and Development Direction - The company is focusing growth investments on strategic priorities in cloud, platform, and AI, optimizing sales and marketing to drive higher margins [8][19] - The new transaction model aims to integrate more closely with customers, driving additional business while increasing automation [9] - The company is committed to delivering connected solutions and enhancing operational efficiency to capture growth opportunities in the market [28][29] Management's Comments on Operating Environment and Future Outlook - Management noted that customer conversations reflect uncertainty due to geopolitical and macroeconomic factors, but construction backlog ticked up, and monthly active users increased [39][40] - The company is prepared for potential macroeconomic impacts, having factored in greater uncertainty into their guidance while maintaining a positive outlook based on Q1 performance [17][92] Other Important Information - The company is refreshing its board to guide the next decade of growth, with new appointments aimed at enhancing strategic direction [8] - The company is focused on reducing stock-based compensation as a percentage of revenue to below 10% [15] Q&A Session Summary Question: How are customer conversations evolving given the uncertainty? - Management acknowledged that trade policy uncertainty is impacting customers, but noted that construction backlog and active user growth remain positive [39][40] Question: Can you discuss margin momentum and the sales and marketing optimization plan? - Management indicated strong Q1 performance driven by revenue outperformance and ongoing expense discipline, with the sales and marketing optimization plan on track [41][43] Question: What are the benefits and risks of channel consolidation? - Management is encouraging consolidation towards fewer, more solution-focused partners, which has led to increased activity and price realization [51][55] Question: How is the new transaction model progressing? - Management reported no significant disruptions compared to the previous year, with channel productivity expected to increase as partners adapt [60][61] Question: What are the opportunities for AI functionality? - Management emphasized the focus on delivering specific AI enhancements that drive productivity, with plans to roll out more sophisticated tools [78][80] Question: How is the company addressing labor constraints in the industry? - Management noted persistent labor constraints and emphasized the need for digital efficiency, which is driving robust adoption of their solutions [94]
Autodesk(ADSK) - 2026 Q1 - Earnings Call Transcript
2025-05-22 22:00
Financial Data and Key Metrics Changes - Total revenue in Q1 grew 15% as reported and 16% in constant currency, with a contribution from the new transaction model to revenue of $78 million [12][13] - Billings increased 29% as reported and 30% in constant currency, reflecting the shift to annual billings for most multiyear contracts [12][13] - First quarter free cash flow was $556 million, with GAAP operating margins decreasing by seven percentage points due to restructuring charges [15][14] Business Line Data and Key Metrics Changes - Strength was observed in AECO, upfront revenue from enterprise business agreements (EBAs), and the Autodesk store as friction from the new transaction model eased [10] - The contribution from the new transaction model to billings was $105 million in Q1, with billings growing 22% at constant currency excluding the impact of the new transaction model [12][13] Market Data and Key Metrics Changes - The U.S. dollar has depreciated against major currencies, impacting billings, revenue, and free cash flow guidance ranges [17] - Asia Pacific showed some softness, particularly in Japan, which was the last to adopt the new transaction model, and China and Korea were more exposed to macroeconomic turmoil [114] Company Strategy and Development Direction - The company is focusing growth investments on strategic priorities in cloud, platform, and AI, optimizing sales and marketing to drive higher margins [7] - The new transaction model aims to integrate more closely with customers, driving additional business while increasing automation and reducing duplicative workflows [8] Management's Comments on Operating Environment and Future Outlook - Management noted that customer conversations reflect uncertainty due to trade policy and macroeconomic factors, but construction backlog increased and monthly active users grew [40] - The company remains optimistic about its underlying business momentum despite macroeconomic uncertainties, with guidance reflecting caution [17][89] Other Important Information - The company is refreshing its board to guide the next decade of growth, with new appointments aimed at enhancing strategic direction [7] - The company is committed to reducing stock-based compensation as a percentage of revenue to below 10% [15] Q&A Session Summary Question: How are customer conversations evolving given the uncertainty? - Management acknowledged that trade policy uncertainty is impacting customers, but noted that construction backlog increased and business inflow remains strong [40] Question: Can you discuss margin momentum and the sales and marketing optimization plan? - Management indicated that Q1 margin strength was driven by revenue outperformance and ongoing expense discipline, with the sales and marketing optimization plan on track [42][43] Question: What are the benefits and risks of channel consolidation? - Management is encouraging consolidation towards fewer, more solution-focused partners, which has led to increased activity and price realization in the store [52][55] Question: How is the new transaction model progressing? - Management reported that disruptions seen last year are not present now, and channel productivity is expected to increase as partners adapt to the new model [61][62] Question: What is the outlook for net revenue retention (NRR)? - Management confirmed that the NRR is above the 100-110% range due to the new transaction model, and it is expected to remain in that range for the year [63] Question: How is the company addressing labor constraints in the industry? - Management noted that labor constraints persist, but the demand for digital efficiency is driving robust adoption of their solutions [91] Question: What are the plans for AI functionality and future use cases? - Management emphasized the focus on delivering AI enhancements that drive productivity, with plans to roll out more sophisticated tools [78][80] Question: What is the current status of the restructuring and its impact? - Management indicated that while there was some disruption from the restructuring, overall business momentum has improved, and risks are being managed effectively [85][86]
Autodesk supports pre-approved home designs and AI-powered permitting to accelerate Los Angeles wildfire recovery
Prnewswire· 2025-05-22 10:15
Core Insights - Autodesk is providing funding, technology, and support to accelerate rebuilding efforts in wildfire-affected areas of Los Angeles, following the devastating fires in January 2025 [1][5] Group 1: Partnership and Community Support - Autodesk is partnering with The Foothill Catalog Foundation (TFCF) to create a catalog of modular, pre-approved home designs for fire survivors, which is expected to reduce architectural and permitting costs by up to 95% [7] - The plans developed by TFCF will significantly shorten permitting timelines from potentially a year to just a few weeks [7] Group 2: Technological Innovations - Autodesk is funding an AI-powered software tool to expedite the approval of building permits, enhancing recovery efforts from the LA fires in collaboration with Governor Gavin Newsom and other organizations [7] - TFCF is developing a standardized Revit template to ensure that each design meets pre-approval and sustainability requirements from the outset [4] Group 3: Design and Resilience Focus - The designs created will adhere to stringent climate resilience standards, including resistance to extreme heat, wildfires, and power outages, while maintaining the unique architectural character of the region [3] - Autodesk's Design and Make platform is utilized by AEC industry teams globally to reduce waste and lower environmental impacts, emphasizing long-term resilience and sustainability [5][6]
Autodesk(ADSK) - 2025 Q4 - Earnings Call Transcript
2025-02-28 01:32
Financial Data and Key Metrics Changes - Total revenue in Q4 grew 12% year-over-year, with broad-based growth across products and regions [18][19] - GAAP and non-GAAP operating margins for Q4 were 22% and 37%, reflecting year-over-year increases of 90 basis points and 160 basis points, respectively [21] - Free cash flow for fiscal 2025 was $1.57 billion, exceeding guidance [22] Business Line Data and Key Metrics Changes - By product in constant currency: AutoCAD and AutoCAD LT revenue grew 9%; AECO revenue grew 15%; manufacturing revenue grew 10%; and M&E revenue grew 10% [18] - Direct revenue increased 35% in constant currency, representing 47% of total revenue, up 8 percentage points from last year [19] - Contribution from the new transaction model to revenue was $46 million in Q4 and $71 million for the year [19] Market Data and Key Metrics Changes - Revenue grew 11% in the Americas, 13% in EMEA, and 11% in APAC in constant currency [19] - RPO (Remaining Performance Obligations) of $6.9 billion and current RPO of $4.5 billion grew 14% and 12%, respectively [20] Company Strategy and Development Direction - Autodesk is focusing on the convergence of design and make in the cloud, enabled by platform, industry clouds, and AI [11][36] - The company is initiating an optimization phase of its sales and marketing plan to enhance customer satisfaction and productivity [8][10] - Future focus includes tighter channel partner integration and broad deployment of self-service capabilities [10][34] Management's Comments on Operating Environment and Future Outlook - Management noted that economic uncertainty continues to impact customer willingness to invest, but they are optimistic about new product subscriptions and emerging businesses driving growth [58][60] - The company expects constant currency billings growth of 17% to 19% and revenue growth of 8% to 9% for fiscal 2026, excluding the impact of the new transaction model [28][29] - Management emphasized the importance of executing their go-to-market optimization plan to drive higher margins over time [65][100] Other Important Information - The company plans to buy back between $1.1 billion and $1.2 billion of shares in fiscal 2026, a 30% to 40% increase compared to fiscal 2025 [31] - Autodesk is committed to further margin expansion beyond fiscal 2026, aiming for GAAP margins among the best in the industry [100] Q&A Session Summary Question: What drives new business growth higher over time? - Management indicated that enhancing channel productivity and investing in emerging high-growth businesses will drive new business growth [58][60] Question: Can you provide more color on margin potential and restructuring? - Management expressed confidence in margin expansion due to strong fiscal discipline and the ongoing optimization of the go-to-market strategy [62][65] Question: How is macro uncertainty affecting customer sentiment? - Management noted that customers desire certainty and that uncertainty is fueling customer angst, but they believe Autodesk's diversified business can absorb policy changes [72][73] Question: What are the critical product or technology executables for the future? - Management highlighted investments in industry clouds and AI capabilities as key areas for future growth [81][82] Question: How does the revenue guide reflect potential disruption from restructuring? - Management acknowledged that the guidance considers potential risks associated with restructuring and the CRO transition [88] Question: What is the timeline for seeing benefits from sales and marketing adjustments? - Management indicated that significant benefits are expected in fiscal 2026, with ongoing investments to build capabilities for future optimization [106] Question: How does Autodesk view M&A in light of recent changes? - Management reaffirmed their commitment to being an acquisitive company, looking for opportunities that align with their strategy [108]
Autodesk(ADSK) - 2025 Q4 - Earnings Call Presentation
2025-02-27 22:49
This presentation contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above, statements regarding reallocating internal resources, our new transaction model and sales and marketing optimization, statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, statements regarding our share repurchase programs, and al ...
浩辰软件:浩辰软件首次公开发行股票并在科创板上市招股意向书
2023-09-12 11:18
险高等特点,投资者面临较大的市场风险。投资者应充分了解科创板的投资风险及本公司所披露 的风险因素,审慎作出投资决定。 苏州浩辰软件股份有限公司 Gstarsoft Co., Ltd. (苏州工业园区东平街 286 号) 首次公开发行股票并在科创板上市 招股意向书 保荐人(主承销商) (北京市朝阳区安立路 66 号 4 号楼) 本次发行股票拟在科创板上市,科创板公司具有研发投入大、经营风险高、业绩不稳定、退市风 苏州浩辰软件股份有限公司 招股意向书 中国证监会、交易所对本次发行所作的任何决定或意见,均不表明其对发行人 注册申请文件及所披露信息的真实性、准确性、完整性作出保证,也不表明其对发 行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之 相反的声明均属虚假不实陈述。 根据《证券法》的规定,股票依法发行后,发行人经营与收益的变化,由发行 人自行负责;投资者自主判断发行人的投资价值,自主作出投资决策,自行承担股 票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-1 发行股票类型 人民币普通股(A 股) 发行股数 拟公开发行股份 1,121.82 万股,公司股东不公 ...